Budget 2013 - live (From Andover Advertiser)

Its a Budget yet again for the rich to get even more richer, while the poor will pay for them to gain even more wealth.
There will be more job loses coming and more cuts into public services.
When are the powers to be going to realise, you can not have a working econonmy if people do not have the money to spend.

House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

southy wrote:
Its a Budget yet again for the rich to get even more richer, while the poor will pay for them to gain even more wealth.
There will be more job loses coming and more cuts into public services.
When are the powers to be going to realise, you can not have a working econonmy if people do not have the money to spend.

YAY !! Bang on !!! I now have to go to the bookies and collect my winnings that I would get your first posting word for word correct ! The problem is though that the odds weren't good as you are so predictable.

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Both Balls and Gromit looked very upset at what they heard today and could only reply with jibes because they couldn't have done anything more in this Budget, infact, they would have done a hell of a lot less and caused a lot more harm... what a pathetic pairing they are !

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

Pubs are going to pass on the 1p a pint cut - of course they are!!!

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

Chancellor George Osborne has claimed that his budget will help ordinary people.
But even before announcing it, he declared that he’d slash another £2.5 billion from public spending.
That’s yet more jobs and services on the scrapheap.
The Tories promised austerity would create jobs. It hasn’t.
They said they’d end child poverty by 2020. Instead welfare cuts and low wages mean that the majority of children in Britain will be living in poverty by 2015.
They said they’d slash the debt and deficit. But Osborne keeps getting his figures wrong.
The coalition is weak and divided.

The UK has to live within its means, under Labour it did not that's why we are in this mess.
Southy do you live within your means?

aldermoorboy wrote:
The UK has to live within its means, under Labour it did not that's why we are in this mess.
Southy do you live within your means?

I don't need to worry about my self, i am thinking about others less well off, and making cuts will not help them one bit it will push them into poverity. the basic of any economy to work is to have people spending money in the local economy, and for that to happen there need to be jobs and a reasonable wage with reasonable working hours, we all ready know that the private sector will not take up the slack in unemployment, but they would choose to drive down wages even more and make people work longer, just to make basic ends meet.

Nice one George.
.
After three years of hopeless guess work he now has a chance to get his forecast for growth correct ....... ZERO.
.

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Lone Ranger. wrote:
Nice one George.
.
After three years of hopeless guess work he now has a chance to get his forecast for growth correct ....... ZERO.
.

He even gets that wrong -1.2%

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

Cut the Millions squandered on Foreign Aid,Look after your own first, that's how it should work, The same way we "the normal people with Families" budget at home, look after your own then if there's enough, help those in need, i.e charities etc......

George4th wrote:

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

Don't you first need to have an economy for it to be able to grow, and by the way our debt is larger than Italy, Greece or Portugal

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

The worst case scenario where everything you can think of is added in to the equation is called the unadjusted measure of public sector net debt. Latest figures available in December 2012 show the net debt was £2311.6 billion or 147.3 per cent of GDP. Has anyone ever mentioned that your voice seems muffled when you sit down?

southy wrote:

George4th wrote:

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

Don't you first need to have an economy for it to be able to grow, and by the way our debt is larger than Italy, Greece or Portugal

....and how did our debt get that big?
I suggest most of it is down to a certain G Brown & T (WMD) Blair. Richardheads both!

The Mad Dog wrote:

southy wrote:

George4th wrote:

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

Don't you first need to have an economy for it to be able to grow, and by the way our debt is larger than Italy, Greece or Portugal

....and how did our debt get that big?
I suggest most of it is down to a certain G Brown & T (WMD) Blair. Richardheads both!

most of it was transfered over from thatchers days in office and control was lost when she removed the finance restrictions, most of it is intrest charges

southy wrote:
Its a Budget yet again for the rich to get even more richer, while the poor will pay for them to gain even more wealth.
There will be more job loses coming and more cuts into public services.
When are the powers to be going to realise, you can not have a working econonmy if people do not have the money to spend.

.. perhaps you could be a little more specific.

Precisely what measures make this a budget 'for the rich to get even more richer, while the poor will pay for them to gain even more wealth'?

A bit feeble this budget......the only good news is that new house buyers only need a 5% deposit.....meanwhil
e council tenants will have more opportunity to buy their present accomodation (and avoid the bedroom tax ) - thus reducing the pool of social housing !

localnews wrote:
Cut the Millions squandered on Foreign Aid,Look after your own first, that's how it should work, The same way we "the normal people with Families" budget at home, look after your own then if there's enough, help those in need, i.e charities etc......

100%
Our county and citzens 1st , not poverty as well for US brit s

southy wrote:
Its a Budget yet again for the rich to get even more richer, while the poor will pay for them to gain even more wealth.
There will be more job loses coming and more cuts into public services.
When are the powers to be going to realise, you can not have a working econonmy if people do not have the money to spend.

Don't rich people spend money, then?

People do live in a strange made up world where "rich people" apparently hog all the wealth, and don't spend any of it, whilst mysteriously managing to own everything at the same time.

I don't disagree with your last sentiment about spending and growth, but you have to bear in mind that "the rich" do in fact put money into the economy. Go for a drive through Chilworth. Were all those houses built for free? Pop along to the golf course and count the expensive cars. Were they all free too?

southy wrote:
Its a Budget yet again for the rich to get even more richer, while the poor will pay for them to gain even more wealth.
There will be more job loses coming and more cuts into public services.
When are the powers to be going to realise, you can not have a working econonmy if people do not have the money to spend.

Don't rich people spend money, then?

People do live in a strange made up world where "rich people" apparently hog all the wealth, and don't spend any of it, whilst mysteriously managing to own everything at the same time.

I don't disagree with your last sentiment about spending and growth, but you have to bear in mind that "the rich" do in fact put money into the economy. Go for a drive through Chilworth. Were all those houses built for free? Pop along to the golf course and count the expensive cars. Were they all free too?

So there we have it then.

1. Petrol duty not going up but not coming down either.Current saving to the man in the street? Zero.

2. Help with child care but not before 2015.Current saving to the man in the street? Zero.

3. 1p reduction in beer duty.Current saving to the man in the street? Zero, because it will not be passed on.

4. National insurance employment allowance of £2000. Current saving to the man in the street? Zero, because it benefits employers only .

5.New mortgage guarantee. Current saving to the man in the street ? Zero, because it will have to be ultimately funded by the tax payer and will do nothing but put up the price of houses thus making mortgage repayments more expensive in the long term.

6. Tax free allowance increased to £10,000. At last a benefit to the man in the street but not before 2014/15 by which time inflation and static wages will have eroded any benefit.

I thought that Gordon Brown's budgets were a lesson in smoke and mirrors but his fellow has taken it to a completely new level.

Never mind. I am sure it will look good in the Daily Mail and the Sun tomorrow, which I would venture to suggest is all that matters to the "Nasty Party" and their Liberal friends.

Apparently, the wealthier citizens of the UK have paid more tax per year under the coalition than in any single year of the 13 years of Labour government!!!!

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Tories have also given us a double-dip recession and lost us our AAA rating.

Osborne has got us in a hole, and he keeps on digging.

House Builders shares have rocketed!

Great for the shareholders, but the vast majority of the working classes are not shareholders. They are not the ones with the money.

"Don't forget, we are doing better than France, Germany etc etc......"

Who said that?

The fellah that has got each economic forcast wrong.

Labour are the ones that took action to see that we did not follow the same fate as Greece, Italy, Spain and Portugal. What alternative proposals did Cameron and Osborne offer at the time when they were in opposition?

They did not. Like now, they did not have a clue.

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>

(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

PFIs were a Tory idea, that they set in motion, and Labour carried out.

Why?

Because the Tories had sold off anything worth selling, but heaven only knows where the money went, because it was not spent on hospitals, housing and schools.

If that money had been used wisely by the Tories, instead of losing a lot on Black Wednesday, there would have been no need for PFI.

Linesman wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>

(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

PFIs were a Tory idea, that they set in motion, and Labour carried out.

Why?

Because the Tories had sold off anything worth selling, but heaven only knows where the money went, because it was not spent on hospitals, housing and schools.

If that money had been used wisely by the Tories, instead of losing a lot on Black Wednesday, there would have been no need for PFI.

Do you recall the name of the financial genius who sold a large part of the UK gold reserves at the bottom of the market?

Linesman wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Tories have also given us a double-dip recession and lost us our AAA rating.

Osborne has got us in a hole, and he keeps on digging.

House Builders shares have rocketed!

Great for the shareholders, but the vast majority of the working classes are not shareholders. They are not the ones with the money.

"Don't forget, we are doing better than France, Germany etc etc......"

Who said that?

The fellah that has got each economic forcast wrong.

Labour are the ones that took action to see that we did not follow the same fate as Greece, Italy, Spain and Portugal. What alternative proposals did Cameron and Osborne offer at the time when they were in opposition?

They did not. Like now, they did not have a clue.

AAA rating - no change - we still enjoy the lowest interest rates.
>
"the vast majority of the working classes are not shareholders"
Yes, they are! Anyone who works now has a pension and most of it is invested in the Stockmarket!
>
""Don't forget, we are doing better than France, Germany etc etc......"

Who said that?"

Oh I forgot! You don't accept facts.........The UK growth is better than Germany and France - fact!
>
Labour got us into the Doo Dah because of their runaway spending sprees!
>
Why do you think the current Labour opposition has been apologising for everything Labour ever did in government?!
Wake up!
Labour will never be any good for the UK - they take us down the global league tables to the detriment of the UK citizens! (Same applies in local government as seen by this incompetent lot we have in Southampton council!)

Linesman wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>

(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

PFIs were a Tory idea, that they set in motion, and Labour carried out.

Why?

Because the Tories had sold off anything worth selling, but heaven only knows where the money went, because it was not spent on hospitals, housing and schools.

If that money had been used wisely by the Tories, instead of losing a lot on Black Wednesday, there would have been no need for PFI.

Yes, PFI's were introduced by the Tories. PFI's work very well when correctly implemented and managed.
>
Labour took the idea and thought they had been let loose in a sweet shop - they went berserk with them! They paid too much! It has left this country paying £Billions upon £ Billions way into the future!!!!!!!!!!
>
"Because the Tories had sold off anything worth selling"
If you recall, the previous Labour government lastly under Callaghan and Healy left us Bankrupt at the door of the IMF - we were controlled by the IMF!
We were busted - the UK had no money! Yes, Thatcher sold of some of our assets to get some money into our coffers.
(Bit of a co-incidence that the last Labour government also left us Bankrupt at the door of the IMF!)

southy wrote:

The Mad Dog wrote:

southy wrote:

George4th wrote:

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

Don't you first need to have an economy for it to be able to grow, and by the way our debt is larger than Italy, Greece or Portugal

....and how did our debt get that big?
I suggest most of it is down to a certain G Brown & T (WMD) Blair. Richardheads both!

most of it was transfered over from thatchers days in office and control was lost when she removed the finance restrictions, most of it is intrest charges

It could be worse.

The government could be levying our personal savings.

Wow, that would be hog heaven for you wouldn't it? What a vvet dream for you Peter.

Still on the 'something for nothing' tip then.

George4th wrote:

arthur dalyrimple wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>
(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

utter tosh , the uk debt is nine hundred per cent of gdp , at weimar levels,get real.

Our economy is growing faster than France and Germany - I suppose that is tosh as well?!!
>
(By the way, my figures on debt are correct)

your figures on government debt are correct ,not counting the five trillion unfunded pension liability ,government debt is not the problem ,personal and private debt is , who does the 50 billions pounds a year interest on government spending go too ,please tell me?

Torchie1 wrote:

Linesman wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>

(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

PFIs were a Tory idea, that they set in motion, and Labour carried out.

Why?

Because the Tories had sold off anything worth selling, but heaven only knows where the money went, because it was not spent on hospitals, housing and schools.

If that money had been used wisely by the Tories, instead of losing a lot on Black Wednesday, there would have been no need for PFI.

Do you recall the name of the financial genius who sold a large part of the UK gold reserves at the bottom of the market?

Yes I do, and I know why. It was in an attempt to reduce the nation's debt.

I suppose you were aware that we were still paying off American loans taken out to fight WWII.

What a pity that loans had not been paid off during the Thatcher regime, using the money raised by selling off the nation's assets.

Oh! I forgot! They lost a lot of it on Black Wednesday.

Linesman wrote:

Torchie1 wrote:

Linesman wrote:

George4th wrote:

OSPREYSAINT wrote:

George4th wrote:
House Builders shares have rocketed!
>
Hey, only one thing matters and that is the Deficit. The Deficit has gone down 25%! It's going in the right direction.
>
Don't forget, we are doing better than France, Germany etc etc..............
>
>
>
Watched Ed Balls on BBC News Channel 80 on Freeview.
No wonder Labour messed up so badly when in government!!! Labour are the reason we are in such Doo Dah!

Well no, it was the Banks that actually got us into the mess, the Labour Government were just totally useless at handling them, as are the present incumbents.

The UK economy was already on the slide BEFORE the financial crisis. Property Developers and Builders had already bailed out - those that hadn't went bust!
>
The UK was £600 Billion in Debt (Zero in 1997!) and rising when the financial crisis started - this was due to gross overspending. By the time Labour left government we were about £1000 Billion in debt and RISING!
>
Labour's Spending commitments have made our position worse, especially things like the disastrous PFI's!
>

(We actually only lent £124 Billion to the Banks!!)
>
As I said, we are doing better than most in Europe and all the outside monitors, including the OBR, think we are on the right track despite the Eurozone disasters - stockmarket is a good indicator!)

PFIs were a Tory idea, that they set in motion, and Labour carried out.

Why?

Because the Tories had sold off anything worth selling, but heaven only knows where the money went, because it was not spent on hospitals, housing and schools.

If that money had been used wisely by the Tories, instead of losing a lot on Black Wednesday, there would have been no need for PFI.

Do you recall the name of the financial genius who sold a large part of the UK gold reserves at the bottom of the market?

Yes I do, and I know why. It was in an attempt to reduce the nation's debt.

I suppose you were aware that we were still paying off American loans taken out to fight WWII.

What a pity that loans had not been paid off during the Thatcher regime, using the money raised by selling off the nation's assets.

Oh! I forgot! They lost a lot of it on Black Wednesday.

So we have established that all UK governments are capable of making mistakes but thankfully they pale in to insignificance when compared with the financial disasters abounding in Europe.

We can all learn a lot from the young girl who was shot in Pakistan, when she said how proud she was to be a student with a school uniform.
If only our young children knew how lucky they were, everyone is wealthy in this country compared to the rest of the world.
We should all count our blessings.

Was a member of the conservative party for 41 years - of no party now. It is true when you stand out and look in you see the things you refused to see. In all fairness to Labour the records do not agree with the Labour mess theory. Up to the 'crash' Browne is recorded as the most successful chancellor in two hundred years. When in opposition parties blame our ills on domestic policies, when they move into office and things go awry it is then the EU, the world economy the mess we inherited. It is an old game played to a set of rules, the team colours are a sop to supporters, once on the benches the game plays on. I get a tad miffed when lectured on austerity by politicians claiming up to 21 grand housing benefits - or as it has been re-named 'living away from home expenses' which home?